Commonwealth Bank Low Fee Card
With a name like the Commonwealth Bank of Australia Low Fee Card, you know exactly what you are getting in a credit card. It is a standard, no frills credit card that gives its cardholders the bonus of low annual fees. The card is designed for people who want a basic but reliable card without having to pay those outrageous fees.
Highlights of the CBA Low Fee Card
The driving point of the CBA Low Fee Card is that it only costs $24 a year to use it. That’s it. If you happen to be a qualifying member, you can even get that reduced to a $0 annual fee. To get that, all you have to do is spend $1,000 a year (and keep up with your payments, of course). So if you spend at least that much a year, then you’ll have a zero fee for the duration of the card’s life.
The CBA Low Fee Card is also a decent card for transferring balances. It gives customers 5.99% interest rate for the first five months which isn’t a bad deal at all. Its regular interest rate is 19.74% for all purchases and if you need cash advances, that rate goes up to 21.24%. The good news is the card comes with a 55 day interest free period for all purchases so as long as you get your balance paid off, you won’t have to worry about that high interest rate.
If you are concerned about security, the CBA Low Fee Card has you covered. You are provided with one free supplemental card for any family member but don’t worry about it falling into the wrong hands. The card comes with an enhanced security chip. You also can check out some of their options such as Secure Sentinel which helps you if you ever lose your wallet, keys, phone or passport. If this happens, all of your cards are automatically canceled and you get an emergency $1,000 cash advance to tide you over. And if the economy ever bites you and you lose your job, Card Repayment Cover from CreditCard Plus can help you with your card payments.
Bottom-line: Some people just want a simple to use and affordable card. The CBA Low Fee Card is designed to provide just that along with some really great protection coverages. With a $0 annual fee, this makes the CBA Low Fee Card ideal for any financial needs.
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